## Analysis of Concord Corp. Accounts Receivable ### Overview An analysis and aging of Concord Corporation's accounts receivable as of December 31, 2025, provides the following details: - **Amounts estimated to be uncollectible:** $180,710 - **Total accounts receivable:** $1,799,500 - **Allowance for doubtful accounts (per books):** $125,900 ### Calculation To determine the net realizable value of the accounts receivable, which is the amount expected to be collected, the allowance for doubtful accounts is subtracted from the total accounts receivable. ### Question What is the net amount expected to be collected of Concord’s receivables at December 31, 2025? - **Net realizable value:** $[Blank for calculation] --- ## Marigold Co. Doubtful Accounts Provision ### Details Marigold Company provides for doubtful accounts based on 3% of gross accounts receivable. Below is the relevant data for 2025: - **Credit sales during 2025:** $3,343,800 - **Bad debt expense:** $57,040 - **Allowance for doubtful accounts at 01/01/25:** $16,760 This data helps in evaluating the financial health and credit risk management of the company.

## Analysis of Concord Corp. Accounts Receivable ### Overview An analysis and aging of Concord Corporation's accounts receivable as of December 31, 2025, provides the following details: - Amounts estimated to be uncollectible: $180,710 - Total accounts receivable: $1,799,500 - Allowance for doubtful accounts (per books): $125,900 ### Calculation To determine the net realizable value of the accounts receivable, which is the amount expected to be collected, the allowance for doubtful accounts is subtracted from the total accounts receivable. ### Question What is the net amount expected to be collected of Concord’s receivables at December 31, 2025? - Net realizable value: $[Blank for calculation] --- ## Marigold Co. Doubtful Accounts Provision ### Details Marigold Company provides for doubtful accounts based on 3% of gross accounts receivable. Below is the relevant data for 2025: - Credit sales during 2025: $3,343,800 - Bad debt expense: $57,040 - Allowance for doubtful accounts at 01/01/25: $16,760 This data helps in evaluating the financial health and credit risk management of the company.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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